Gunbot supports automated trading on Kraken, including both spot and futures markets. This compatibility allows users to automate a range of trading strategies on Kraken.
How Does Gunbot Work with Kraken?​
Gunbot integrates directly with Kraken’s API, allowing traders to automate trading strategies across spot and futures markets. After connecting Gunbot to Kraken via API keys, users can set their preferred strategies, and the bot will manage trades based on real-time market data.
Spot Trading on Kraken with Gunbot​
Gunbot offers stable performance with Kraken’s spot API, making it reliable for users focused on spot trading. Once configured, Gunbot automatically executes trades according to predefined strategies, allowing for continuous operation without manual intervention.
Futures Trading on Kraken with Gunbot​
For futures trading, Gunbot operates in a one-way mode, supporting single-direction positions (long or short) in each market. It’s important to note that Kraken’s futures API is frequently updated, which can sometimes lead to occasional instability in futures trading. Nonetheless, many users find the automated futures trading features useful despite these potential challenges.
Customization and Strategy Options​
Gunbot offers various customization features that allow users to tune their trading approach on Kraken:
- Built-in and Custom Strategies: Users can select from Gunbot’s built-in strategies or design custom strategies using technical indicators such as RSI, Bollinger Bands, and moving averages.
- JavaScript Strategy Support: For advanced customization, Gunbot supports JavaScript-based strategies, enabling users to create specific trading logic for unique conditions on Kraken’s markets.
- Additional Tools: Gunbot includes options like automated rebalancing, trailing stop losses, and dynamic trade limits, which can help optimize strategy execution based on market conditions.
Setting Up API Access for Kraken​
To use Gunbot as a Kraken trading bot, users need to set up API keys, which authorize the bot to access and manage trades securely. Instructions for creating API keys are available in the Kraken API key setup guide.
Summary​
Gunbot’s integration with Kraken supports automated trading on both spot and futures markets. The spot API is noted for its stability, while the futures API receives frequent updates, which may impact stability at times. Gunbot’s customization options and full API integration make it a versatile tool for traders aiming to automate their strategies on Kraken.